Industry | 2012.01.27
BofA Merrill Lynch Analysts Say Russia Could Attract Significant Investment and Expertise in Offshore Development by Following Brazil’s Example
MOSCOW--(BUSINESS WIRE)--Russia’s oil and gas industry stands to benefit significantly if the government decides to follow a simple roadmap established by Brazil, BofA Merrill Lynch Global Research wrote in a report to clients. Russia could become the next Brazil The Russian government is currently preparing to review an offshore resource development program through 2030 in an effort to develop potentially significant oil and gas resources in the Arctic and Black Sea. In the opinion of BofA Merr
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